Airspan Networks — Q3 2022 Earnings Presentation
15 slides from Airspan Networks's earnings presentation, Nov 10, 2022
Slide 1: Investor Presentation 3Q 2022 Earnings
Investor Presentation 3Q 2022 Earnings November 2022
Slide 2: Disclaimer: Forward Looking Statements
S Ss Alrspan Disclaimer Forward Looking Statements Certain statements in this investor presentation (‘Presentation") may be considered “forward-looking statements” within the meaning ofthe “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking
Slide 3: Disclaimer: Non-GAAP Financial Measures
Disclaimer Non-GAAP Financial Measures This Presentation includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including, but not imited to Adjusted EBITDA. These non-GAAP financial measures are ‘not measures of financial performance i
Slide 4: Today's Presenters
Vi (aren | TOday’s Presenters = Co-founded Airspan in January 1998 and joined as Executive Vice President and Chief Operating Officer = Named Chairman of Airspan in February 2022 = Previously worked at telecommunications corporations, Bell Laboratories and AT&T in a variety of positions Eric pasene
Slide 5: Airspan: An American Champion for 5G
LE. (Caran | Airspan: An American Champion for 5G $177mm 1,000+ 30+ years 2021A revenue Customers globally in over 100 countries Proven technology 44% 1+ million 740 2021A gross profit margin Base stations shipped Employees) SoftBank io) NEA Foxconn |
Slide 6: Airspan's Opportunity: A ~$40Bn Addressable Market
Airspan’s Opportunity: A ~$40Bn Addressable Market Across Carrier Networks, Fixed Wireless and Enterprise Private Networks Mobile Network Operators (MNO) FWA\): Households and Enterprise Enterprise Private Networks (EPN) (g) Ht ad) fo0 : EEE BEB Ba5 » EE] i Os ae Ei (1) Fixed Wireless Access. (2) Pe
Slide 7: 5G Densification with Microcells is Critical for Success
KE, (arsean | 5G Densification with Microcells is Critical for Success 10X More Cells in 5G vs 4G 16km 35 Radios Hi4c 4G Deployment 80% Macros and 20% Micro 14km 30 Radios Ole») a 20d 08km 1S Radios tke 5G Deployment 20% Macros and 80% Micro Radi ( Poe Ow) E sh “lo a oo TTD ee rer] ~@@W | Y@@ 7GHz 1
Slide 8: Private Networks Bookings & Customers
PRIVATE NETWORKS BOOKINGS & CUSTOMERS 120 — 20 KOO Private Networks pooked since/202/1 Qtri Qtr2 Qtr3 Qrr4 ~ Otel Qtr2 Qtr3 2021 2021 2021 2021 2022 2022 2022 Sum of Cusomer Count 19 23 18 18 25 24 27
Slide 9: Arso, ary
i? Arso, ary Sl5- 8425 Ae Gbps GHz 1.75 6.425 Gbps GHz 2¢, GB > a | Jew 4, 7 a 2m Gan dBm P67
Slide 10: 5G Networks Have Become A National Security Priority
GE Al 5G networks are expected to drive significant innovation and be central to transportation, power, and communications infrastructure. = ye C5 Sine aR Trt Autonomous 1OT Power & Vehicles Utilities EN eg fa AA SN Bp P) Robotics Content Rural Consumption/ Broadband Distribution roan | 5G Networks
Slide 11: Quarter 2022 Highlights
3 Quarter 2022 Highlights Total Revenue ($mm) $41.1 Strong bookings performance Revenue of $41.1 million, down 12% from 2Q 2022 and up 6% from 3Q 2021 Gross margin of 39.8% essentially flat to 40.1% in 2Q 2022 and down from 44.0% in 3Q 2021 on supply chain pressures and revenue mix Net loss of $23.3
Slide 12: Key Takeaways: 5G Tsunami
"A (Caren | Key Takeaways: 5G Tsunami Demand for connectivity in every aspect of life is increasing exponentially, alongside an explosive new appetite for data hungry applications like the Metaverse Top tier customer base with growing demand World-class strategic investor and supply chain partners C
Slide 13: ‘COrimercially
‘COrimercially Confidential
Slide 14: Appendix: Reconciliation of GAAP to Non-GAAP
Vie (Alrspan Appendix: Reconciliation of GAAP to Non-GAAP Reconciliation of Non-GAAP Items Net Loss Adjusted for: Interest Expense net Income Tax expense Depreciation and amortization EBITDA Share based compensation expense Change in fair value of warrant liability and derivatives Restructuring Cost
Slide 15: 5G Disruptor, Innovator
5G DISRUPTOR, INNOVATOR airspan.com Member of: ‘Ba & ahencea, P Ath SMALL CELL FORUM MEMBER alliance ae LLYN WN TELECOM INFRA PROJECT SS Open RAN POLICY COALITION: cca
Airspan Networks Holdings — Q3 2022 Earnings Presentation on 6ix